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Minicabit
minicabit is the UK’s leading online mini-cab price comparison and booking service
Completed Transactions - Minicabit Logo
Sector:
Online
Transaction Type:
Fundraise
Date:
October 2015
Deal Value:
Undisclosed

minicabit, (www.minicabit.com) the UK’s leading online mini-cab price comparison and booking service, has secured equity investment, with the help of Oakley Capital Corporate Finance (“Oakley”), to help it drive the growth of its online and app booking platforms as well as its nationwide cab network. The deal is part of Oakley’s expansion of its corporate finance advisory offering to high growth, earlier stage, businesses.

minicabit currently collaborates with over 700 licensed Private Hire Operators to cover over 40 UK cities. Driven by its proven business model and distinct market position, minicabit is delivering strong growth, with bookings and revenues up by 100% in the first half of this year alone.

The Oakley advisory team included Chris Godsmark, Managing Partner, Christian Craggs, Managing Director, and Paul Howard, Advisor.

Amer Hasan, CEO and founder of minicabit, commented:
“We’ve had great success in attracting ‘smart capital’ and so we’re delighted to have received the support of such a successful and high-profile group of investors, who bring with them not only financial backing but a wealth of business and entrepreneurial experience. This will be invaluable as we seek to accelerate our already fast growth and enable our platform to help grow the £9bn cab sector further.”

Oakley has extended its advisory service to work with an expanding selection of high growth, early stage businesses across the TMT sector. As part of this strategy, Christian Craggs joined the team earlier this year having previously been involved in global early stage investing, partnering and M&A at Telefonica and O2. Oakley is focusing in particular on online and SaaS business models which address substantial market segments with the underpinning of strong and compelling technology platforms.
Christian Craggs, Oakley, commented:

“We are delighted to have helped minicabit raise equity at such a crucial stage in its growth. Advising earlier stage companies such as minicabit allows us to remain at the forefront of business model and technology innovation. We look forward to the opportunity to work and build long term relationships with these companies as they become the future industry leaders.”

Chris Godsmark added:

“The core of Oakley’s offering is its long term relationships with clients as we help businesses grow, raise money, acquire assets and ultimately float or exit. With Christian’s help we are building a portfolio of earlier stage, high growth, companies which we can take through this journey.”

For more information, please contact:
Christian Craggs, Managing Director
Hannah Dodds
02077666908

*Completed by Oakley Capital Corporate Finance

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